Foster City, Dickinson County, Michigan Property Taxes

Name: Property Tax Bills Across Foster City, Dickinson County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Foster City, MI effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Foster City, MI home value: $87,200
Median annual Foster City, MI tax bill: $662, $1,738 lower than the national median property tax bill of $2,400.

How are property taxes in Dickinson calculated?

Property taxes in Foster City, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Foster City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Foster City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Foster City, Dickinson County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$654

$607

Ownwell’s Foster City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Foster City with just two data points. By entering your property's estimated assessed value, our calculator applies Foster City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Dickinson. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Foster City, Dickinson County, Michigan

Local government entities determine tax rates, which can differ significantly within Michigan. This variation stems from the fact that each county annually calculates its necessary budget to fund services and then divides this by the total value of all taxable property in its area. This process results in the property tax rate. While votes and legislation play roles in establishing these rates and budgets, this is the core annual procedure.

In Foster City, located in Dickinson County, the effective property tax rate stands at 0.75%. This rate is notably lower than the national median property tax rate of 1.02%. As a result, property owners in Foster City benefit from a tax rate that is more economical compared to many other regions in the United States. For comparison, the highest and lowest median tax rates in Michigan both align with Foster City's rate, indicating a uniformity in this specific area. This makes Foster City an attractive location for homeowners looking for lower property tax obligations while still enjoying the benefits of local services funded by these taxes.

Property Tax Rates Across Foster City, Dickinson County, Michigan

Source: Ownwell

0.59%

1.12%

1.66%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Foster City Tax Rate

0.75%

Median Effective Dickinson County Tax Rate

1.46%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Foster City, Dickinson County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49834	0.42%	0.59%	0.75%	1.21%	1.50%

Source: Ownwell

Property Tax Assessment Values Across Foster City, Dickinson County, Michigan

When examining property taxes in Foster City, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dickinson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Dickinson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Foster City. For example, the median home price in Foster City is $87,200, with tax bills ranging significantly across the county. The zip code 49834 has the highest median home price at $87,200.

Property Tax Assessment Values Across Foster City, Dickinson County, Michigan

Source: Ownwell

$63,000

$106,600

$150,200

Median Foster City Market Value

$87,200

Median Dickinson County Market Value

$85,400

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Foster City, Dickinson County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49834	$37,700	$57,950	$87,200	$122,700	$166,400

Source: Ownwell

Property Tax Bills Across Foster City, Dickinson County, Michigan

In Foster City, MI, property tax bills are determined by applying the local tax rate to the assessed value of a home. With a median home price of $87,200, homeowners face varying tax bills depending on their property's assessed value. The tax bill at the 25th percentile is $425, while at the 75th percentile, it rises to $1,012. For those at the 90th percentile, it reaches $1,569. Foster City, located in Dickinson County, has a median tax bill of $662, which is significantly lower than the national median of $2,400. This lower tax bill can be attributed to the relatively modest home prices in the area. However, even with lower property taxes, homeowners can still benefit from appealing their tax assessments or seeking exemptions. Ownwell offers expert services to help homeowners reduce their property tax bills. By analyzing property assessments and identifying potential savings, Ownwell ensures homeowners pay only their fair share, maximizing their savings and providing peace of mind.

Property Tax Bills Across Foster City, Dickinson County, Michigan

Source: Ownwell

$656

$1,043

$1,430

Median Foster City Tax Bill

$662

Median Dickinson County Tax Bill

$1,193

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Foster City, Dickinson County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49834	$308	$425	$662	$1,012	$1,569

Source: Ownwell